New jobs data prove Australia's strengthening economy

15:56, June 10, 2010      

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Australia's latest job figures showing a drop in the unemployment rate to 5.2 percent was evidence of a strengthening economy that successfully avoided a recession, Australian federal Treasurer Wayne Swan said on Thursday.

The unemployment rate fell to 5.2 percent in May, returning to a level seen last in January, as 36,400 workers gained full-time employment, new data released by the Australian Bureau of Statistics showed on Thursday.

The seasonally adjusted fall in unemployment compared to a rate of 5.4 percent in both March and April.

The number of people employed in May rose by a seasonally adjusted 26,900, reflecting a jump in full-time employment that was partly offset by a fall in part-time workers.

"These are great figures for Australia," Swan told Fairfax Radio Network in Perth, adding he had told a recent G20 meeting in South Korea that Australia's unemployment rate was further evidence of a strong economy and the success last year of avoiding the global recession.

"As we go forward and continue to grow we do need to continue to reform our economy so we can create jobs and grow sustainably by infrastructure investment," Swan said.

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